Refer to the Figure Below

question 18

Multiple Choice

Refer to the figure below. The deadweight loss at the market equilibrium quantity is equal to the area ______.

• A)½ × EF × AC
• B)½ × FG × BD
• C)½ × FG × AC
• D)½ × GH × BD

---

Definitions:

Socioeconomic Status

A social standing or class of an individual or group often measured by education, income, and occupation.

IQ

Short for Intelligence Quotient, a measure of a person's cognitive abilities in relation to their age group.

Intelligence Test Scores

Quantitative measurements acquired from assessments designed to evaluate cognitive abilities and intellectual potential.

Household Incomes

is the combined gross income of all members of a household who are 15 years old and over, whether related or not.